Posted by vitac > 2019-11-30 10:37 | Report Abuse

What you proposed is familiar with spore gov. Those developer is force to buyout all those remains units on a time given or the gov will impose heavy penalty (tax)on those unsold properties, at the end those developers will buyout all the remains units, but after 2 years those properties price went up at least 30-40%, this make the rich become richer, but if in malaysia market if you buyout all the remains units you will die....If forcing the price to go down how about those who already bought, bought 1m after few years become 700k, then who want to invest in the future.

Posted by DickyMe > 2019-11-30 10:50 | Report Abuse

Some developers tied up with the "privileged race" and had them as board director and shareholders. Their primary role is to "massage" various authorities who may at times be a nuisance. Hence, indecent connections are made with politician and government departments. Palm greasing and easy money contributed to greed, abuse of power, land grabs, non-action and sinister regulations biased to protect developers are passed. Greed, selfishness and corruption are the main cause for high property price.

It is important that this industry goes into complete overhaul. Developers must be held accountable for late delivery, low-quality and defective properties. They must pay penalty or provide rebate. A national propery ownership DATABASE is highly needed. This is to impose TAX on speculative element. Real estate agent's commission to reduce to 0.005% of sale. Strip developers licence who refuse to build low cost property.

Let the bad developers wind up if they are not up for the game. Do not fall prey to their cry wolf tactics. They say they provide employment but to whom? 99% are foreign workers. Malaysian workers are declined with lame and repeated excuses. They do not provide mandatory benefits except for daily wage.

It is high time GREEDY and CORRUPTED developers DIE.

Posted by icecool > 2019-11-30 21:48 | Report Abuse

aiya just impose a 2% monthly unsold property tax based on the property selling price will do, within 2 weeks sure all property sold out and no overhang issue. win win for all hahaha

Posted by stockraider > 2019-11-30 23:18 |

Post removed.Why?